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Market wrapNDTV Profit

Sensex drops 300 points, Nifty below 25,200 as inflation weighs

Negative-3

GreyOak summary

Indian stock markets opened lower with the Sensex falling 77.23 points and Nifty 50 dropping 89.50 points. The decline was driven by retail inflation rising to 6.09% in October, exceeding the RBI's tolerance limit.

What it affects

  • SENSEXNegative -3

    Sensex dropped 77.23 points to 81,833.78.Rolling sentiment Neutral +1

  • NIFTY 50Negative -3

    Nifty 50 fell 89.50 points to 25,209.85.Rolling sentiment Positive +21

  • NIFTY BANKNegative -3

    Bank Nifty dropped 217.95 points.Rolling sentiment Negative -20

  • CPI inflationNegative -3

    Rolling sentiment Negative -65

Source

Read the original at NDTV Profit

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